Relief Rally

Relief Rally

A general increase in stock or other securityprices because an expected negative situation did not materialize or began to reverse itself. For example, if stocks were falling all week because oil prices were rising, but oil prices suddenly dip on Friday, stock prices may recover some of their lost ground in a relief rally. See also: Behavioral Economics.

With the Fed futures illustrating a near 80% probability that the central bank may raise US rates in December, this relief rally in Gold may offer an opportunity for bearish investors to send the yellow metal towards $1050 and possibly lower.

Should the "yes" camp triumph, we're likely to see a minor relief rally, though this will probably be short lived as investors sober up to the ongoing realities of Greece's situation as the need for a further signifi-cant bailout becomes clearer.

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